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Updated about 9 years ago on . Most recent reply

21 years old first time buy and hold, how should I start?
So I have done a lot of research as well as been to a few seminars but I haven't be able to find any real estate investors in my local area. So next week I'm going to make the 2 hour drive to the closest REIA. Hopefully I will meet someone there who will be will into show me a few things in return for me adding value to them whatever that may be, such as a free intern, free tech support (in the last yea of getting a computer science degree) or just free labor worker for there properties. But the one question I have is that I'm only 21 and want to do buy and hold investing for the long term because I love my current IT job but I also love real estate as well. Should I go out and buy my first house and live in it for a year then try to rent it out? Or should I buy it, rent it out then continue to live in my condo I live in now?
Most Popular Reply

I absolutely love the idea of starting out with a duplex that you live in one side and rent out the other. I never did it, but if I could go back in time I would. A SFH that you live in and fix-up then rent out may be the next best thing.